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Stocks for the Short Term
We have featured the work of Wharton Finance Professor Jeremy Siegel on a number of occasions and are doing so again to get some badly needed perspective on what is, by all objective accounts, a very confusing current market picture.
Siegel’s work has both adherents and detractors, but it’s hard to argue with his data. His most famous work may be the following bit of pictorial pulchritude:
Plotted on log scale so that percentage gains are apparent (rather than nominal gains), Siegel has traced the value of a single dollar invested in a number of asset classes from 1800 until the present. …
21Jan2009 | Oxbury Research | 0 comments | Continued
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